Shares of Dutch Bros Inc. (NYSE: BROS) surged 5.03% in after-hours trading on Wednesday, following the release of the company's impressive first-quarter financial results. The drive-thru coffee chain demonstrated robust growth, surpassing analyst expectations on both earnings and revenue fronts.

Dutch Bros reported quarterly earnings of $0.14 per share, significantly beating the analyst consensus estimate of $0.11 by 27.27%. This marks a substantial 55.56% increase from the $0.09 per share earned in the same period last year. On the revenue side, the company posted quarterly sales of $355.20 million, outperforming the analyst consensus estimate of $344.67 million by 3.06%. The reported revenue represents an impressive 29.12% year-over-year growth from $275.10 million in the same quarter of the previous year.

The strong performance aligns with pre-earnings expectations of continued growth for Dutch Bros. Analysts had anticipated revenue of approximately $344 million, reflecting a 25% year-over-year increase. The actual results not only met but exceeded these projections, potentially driven by the 13.4% year-over-year increase in foot traffic reported by Placer.ai for the first quarter. This marks the seventh consecutive quarter that Dutch Bros has beaten both top and bottom-line consensus estimates, reinforcing the company's track record of outperformance and its ability to maintain remarkable growth in the competitive coffee market.